Hedge fund loses $1bn in one month on soured Argentina bet

Autonomy Capital’s founder, Robert Gibbins, is known for making concentrated investments

By

Rachael Levy

Updated: September 6, 2019 7:17 am GMT

Hedge fund Autonomy Capital lost about $1bn last month largely on investments tied to Argentina, making it one of the most prominent investors caught on the wrong side of market turmoil in that country.

The wager on Argentina is one of the largest for Autonomy’s founder, 50-year-old Robert Gibbins, who is known for making concentrated bets.